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The Venture Codex

ID Theory

5 Newburgh Street, London, England, W1F 7RG, United Kingdom

Overview

ID Theory apply a principled and innovative investment strategy within decentralized networks.

Total investments
4
Lead investments
0
Investments · 12mo
0
Active investors
1
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Investment portfolio

  • Inference Labs

    Participated · Seed · Apr 2024

    Inference Labs combines AI and Web3 to build infrastructure for efficient AI verification and automated liquid restaking strategies. The company has launched Omron.ai, a Bittensor subnet that integrates smart contracts, validator and mining nodes to support Liquid Staking Token (LST) and Liquid Restaking Token (LRT) activity. Omron enables users to create restaked ETH positions by contributing LSTs or ETH and select (re)staking services via an aggregation interface, producing ERC20 restaked tokens that can earn rewards and provide training data to the subnet. Inference Labs intends to use the funds to develop a network for AI verification using a Proof of Inference consensus, to grow the team, and to fast-track product development to catalyze an ecosystem. The company is led by co‑founders Colin Gagich (CEO) and Ronald Chan.

  • LabDAO

    Participated · Equity · May 2023

    LabDAO is focused on open-source drug discovery and is building an exchange to connect scientists with laboratory and computational services. The project launched PLEX, a client that lets scientists interact with the Lab exchange and run containerized, resource-intensive computational services. PLEX currently supports computational workflows only; physical laboratory services are planned for a future release. LabDAO enables outputs to be linked to NFTs so scientists can prove ownership of their data. The DAO governance structure is not yet fully in place; the team is prioritizing building utility and an active community before deploying the DAO and affiliated token. The project raised $3.6M in a funding round co-led by Inflection.xyz and Village Global.

  • NFT Oasis

    Participated · Equity · Jul 2021

    NFT Oasis, formed in March 2021 and wholly owned by Provenonce, Inc., operates a virtual environment that brings the NFT movement to life in fully immersive VR. The platform uses AltspaceVR (owned by Microsoft) and is accessible on Oculus headsets and PC/Mac, with live and recorded streams available on social media. Since April the company has welcomed more than 200 artists and musicians and runs weekly events and performances by artists including Imogen Heap, Greg Spero, AWEEK, Lee Eun Bi, and Hayeon. NFT Oasis provides tools for creators to host gallery exhibitions, concerts for thousands of attendees, curate custom virtual galleries, and hire designers and programmers within a decentralized gig economy. The company is building smart contract–based systems to enable creators and communities to establish economics and permissions for metaverse experiences. NFT Oasis positions itself to expand the decentralized creator economy by combining NFTs, DeFi, and VR to give artists greater creative freedom and financial control.

  • Opolis

    Participated · Seed · May 2021

    Opolis is a member-owned digital employment platform that uses blockchain and web3 technology to provide employment infrastructure for independent workers. The platform supplies tools to professionalize independent businesses, including payroll, benefits management, and shared services such as unemployment, disability, and tax compliance. Opolis positions itself to democratize access to career development and next-generation employment services regardless of geography. The company plans to scale its business and deliver a more frictionless user experience, with a roadmap prioritizing improved access to accounting data, tax reporting details, and health insurance information. Leadership includes Executive Steward and founder John Paller, who has roughly 20 years of experience in HR technology and founded ETHDenver. Opolis has raised capital to support growth and is headquartered in Denver. Opolis operates the Opolis Employment Commons, a digital employment cooperative that provides payroll, benefits and shared services to independent workers. The Independent Worker Coalition grew to more than 2,500 global members across 63 countries shortly after launching in April 2021. The Commons uses token-based incentives: it runs $WORK reward programs, referral and sign-up bonuses, and a member dashboard that supports staking to earn additional $WORK. Opolis emphasizes a community-led Web3 funding model and completed a Series Seed II round combining equity and grants to support its infrastructure. The funding involved DAOs, DeFi projects, investment syndicates, and HR-tech and blockchain industry investors from around the world. The company aims to reshape how independent workers relate to employment by aligning community stakeholders and ecosystem participants.

Team

  • Graham Stanton

    Founder & Chief Commercial Officer

    LinkedIn